Buy vs Lease near Loves Park, IL

Buy vs Lease near Loves Park, IL

Find a Car for the Whole Family!

Your next vehicle is waiting for you at Anderson Toyota! After choosing the model that’s just right, however, you’ll then need to decide whether you should buy or lease it. Since both avenues offer different advantages, we’re here to explain them in a bit more detail to assist with your decision. Should you have any remaining question or wish to discuss everything in person, feel free to reserve an appointment with one of our expert staff members!

Leasing

Since leasing is somewhat less common than buying, we’ll start off with this path. In recent years, an increasing number of drivers have decided to give a leasing a try, since it comes with lower monthly installments, requires a smaller down payment, and allows for shorter contract lengths compared with financing a purchase. After the contract ends, you have a few more options to choose from, including leasing the latest iteration of your current model or opting for a different vehicle entirely. However, you’ll want to keep in mind that leases don’t result in ownership and you’ll be limited to a certain yearly mileage allotment.

Buying a Vehicle

Generally, most people elect to finance their purchase instead of buying it up front. This allows you to gradually make monthly installments over the course of about four to six years until the loan and its accumulated interest have been covered. Once this happens, the Toyota is yours for as long as you wish to keep it! Of course, this type of agreement requires more of a financial commitment and means that you’ll have to maintain your ride as it ages, which can get expensive. However, you’ll be able to drive it as much as you please and can pass it down to your kids when you’re ready for something new.

Visit Us Today!

Whether you’ve already decided which option makes the most sense for your budgetary and lifestyle needs or you’re still unsure, our Finance Department is prepared to assist! If you’re ready to apply for a loan, feel free to get a head start on the process by completing our online Finance Application. Potential lessees can also make use of our website, as we feature up-to-date leasing offers for you to peruse in your spare time. Finally, if you need some assistance choosing which path is right, our staff would be happy to sit down with you for a one-on-one consultation to review your financial standing and current driving needs.

Anderson Toyota is here to help you decide whether to buy vs lease near Loves Park, IL! We understand that sifting through the various pros and cons can be daunting, so we aim to make everything as stress-free and streamlined as possible. If you have any questions before your visit, be sure to contact us at 866-311-2174!


Contact Information


Sales Hours

866-311-2174
Monday 8:30 am - 9:00 pm
Tuesday 8:30 am - 9:00 pm
Wednesday 8:30 am - 9:00 pm
Thursday 8:30 am - 9:00 pm
Friday 8:30 am - 9:00 pm
Saturday 8:30 am - 6:00 pm
Sunday Closed

Dealership Information

Testimonials

"Outstanding Customer Service at the Highest level "

Marshall Reeves
DEALERRATER
9-19-2019
Full Star Full Star Full Star Full Star Full Star

My wife and I have bought two brand new cars from you, 2012 Prius and 2014 Sienna, both sold to us by your wonderful previous employee Jeff Spies. Tony, Vince, Greg, Jeff Spies, and Randy are outstanding excellent examples of awesome customer service, and they deserve at the least a promotion and raise. From day one, our experiences and interactions with them have been nothing but FAR BEYOND superior, and they truly are a model with setting high standards for other dealerships/companies to follow. I was taught that actions speak louder than words, and character holds more weight than material things, so through their actions there is no doubt they truly love people and passionate with what they do. Their character shines bright with their strong work ethics and morals which trickles down from the top of the organization (Anderson Toyota)......They make Anderson Toyota shine as a whole and we are very grateful for them. Thank you and everyone at Anderson Toyota. From Marshall Reeves, Durand IL 815-721-7811 Employment: WI Dept of Military Affairs

Sue Lungstrom
Sue Lungstrom
GOOGLE
9-18-2019
Full Star Full Star Full Star Full Star Full Star

Fast service! Pleasant employees!

Carolina S.
Carolina S.
YELP
9-18-2019
Full Star Full Star Full Star Full Star Full Star

Randy took care of me when I brought in my car for the coolant to be topped off. He also topped off my washer fluid and didn't charge me anything for either! He was so nice and helpful, I was pleasantly surprised it was done at no cost. If I lived here, this would be my go to place! Thank you, randy!

"Best car buying experience ever!"

Becky
DEALERRATER
9-17-2019
Full Star Full Star Full Star Full Star Full Star

Michael and Matt were kind and courteous during the entire buying experience. They brought each of the cars we wanted to look at right up to the door for us to test drive. They offered us refreshments numerous times throughout the process. Everything went smoothly and it was a great experience buying from them!

New Car Purchase

Kendra
CARS
9-16-2019
Full Star Full Star Full Star Full Star Full Star

Ryan Svatos was a wonderful representation of the Anderson auto group. He helped my fiance and I find the perfect Camry for us. I was very stressed out about trading my Jeep in and going out of my comfort zone and getting into a car. But after just the first weekend in my new Camry I could not be happier with our purchase. Thanks so much Ryan!

james kleine
james kleine
GOOGLE
9-16-2019
Full Star Full Star Full Star Full Star Full Star

Good service in clean environment.

"New Car Purchase"

Kendra
DEALERRATER
9-16-2019
Full Star Full Star Full Star Full Star Full Star

Ryan Svatos was a wonderful representation of the Anderson auto group. He helped my fiancé and I find the perfect Camry for us. I was very stressed out about trading my Jeep in and going out of my comfort zone and getting into a car. But after just the first weekend in my new Camry I could not be happier with our purchase. Thanks so much Ryan!

Jose Hernandez
Jose Hernandez
GOOGLE
9-16-2019
Full Star Full Star Full Star Full Star Full Star

Very helpful and straight to the point

"Times are a changing"

Surprise
DEALERRATER
9-15-2019
Full Star Full Star Full Star Full Star Empty Star

What a pleasant surprise!! We were “expecting” the typical image some folks have of a fast talking sales person trying to sell,sell,sell! Started working with Shelby a month or so back and found her to be refreshing to work with! Very pleasant and knowledgeable with no high pressure to purchase!! Nice experience thanks to Shelby!!

"Very helpful"

Rav guy
DEALERRATER
9-14-2019
Full Star Full Star Full Star Full Star Full Star

The sale went well. I was a little confused by the financing figures at first but it all worked out as expected in the end.

Very helpful

Rav guy
CARS
9-14-2019
Full Star Full Star Full Star Full Star Full Star

The sale went well. I was a little confused by the financing figures at first but it all worked out as expected in the end.

David Rodriguez
David Rodriguez
GOOGLE
9-13-2019
Full Star Full Star Full Star Full Star Full Star

Excellent Service!

Hayno83
CARS
9-11-2019
Full Star Full Star Full Star Full Star Full Star

Ryan Svatos was amazing once again in finding our family another vehicle! He is relentless until he finds the perfect vehicle that meets all of your needs. Ben in finance also went above and beyond for our vehicle to fit our financial amount. Thank you Toyota for always being amazing!! Ryan and Ben rocked it!

"Excellent Service!"

Hayno83
DEALERRATER
9-11-2019
Full Star Full Star Full Star Full Star Full Star

Ryan Svatos was amazing once again in finding our family another vehicle! He is relentless until he finds the perfect vehicle that meets all of your needs. Ben in finance also went above and beyond for our vehicle to fit our financial amount. Thank you Toyota for always being amazing!! Ryan and Ben rocked it!

Excellent Purchasing Experiences

Manny
CARS
9-9-2019
Full Star Full Star Full Star Full Star Full Star

Michael has done a fantastic job helping my wife and I purchase our first 2 Lexus/Certified vehicles in the last 6 months. A 2018 NX 300 and 2017 RX 350 F Sport. Michael and his team worked diligently to help us with our 2 trade ins as well as locating the perfect L/Certified vehicles. The Lexus Certified vehicle program was fully explained to us and all of our questions were answered with little delay. We're pleased to say that we're moving up from Toyota to Lexus due to their great customer service and friendly sales staff. Michael in particular has a been a pleasure to work with. Matt and Ben were also very helpful and we greatly appreciate the entire Lexus of Rockford Team.

MusicalGamer 97
MusicalGamer 97
GOOGLE
9-9-2019
Full Star Full Star Full Star Full Star Empty Star

"Excellent Purchasing Experiences"

Manny
DEALERRATER
9-9-2019
Full Star Full Star Full Star Full Star Full Star

Michael has done a fantastic job helping my wife and I purchase our first 2 Lexus/Certified vehicles in the last 6 months. A 2018 NX 300 and 2017 RX 350 F Sport. Michael and his team worked diligently to help us with our 2 trade ins as well as locating the perfect L/Certified vehicles. The Lexus Certified vehicle program was fully explained to us and all of our questions were answered with little delay. We’re pleased to say that we’re moving up from Toyota to Lexus due to their great customer service and friendly sales staff. Michael in particular has a been a pleasure to work with. Matt and Ben were also very helpful and we greatly appreciate the entire Lexus of Rockford Team.

Mike Beert
Mike Beert
GOOGLE
9-9-2019
Full Star Full Star Full Star Full Star Full Star

Just had my 35000 checkup. Super fast! Great experience here!

Great no pressure experience

Seanvh731
CARS
9-8-2019
Full Star Full Star Full Star Full Star Full Star

The sales people were kind and helpful. Not like some of my past high pressure experiences. I could be happier with my purchase and with the way I was treated!

"Great no pressure experience"

Seanvh731
DEALERRATER
9-8-2019
Full Star Full Star Full Star Full Star Full Star

The sales people were kind and helpful. Not like some of my past high pressure experiences. I could be happier with my purchase and with the way I was treated!

Eduardo Vasquez
Eduardo Vasquez
GOOGLE
9-6-2019
Full Star Full Star Full Star Full Star Empty Star

"Purchase"

susieQ
DEALERRATER
9-4-2019
Full Star Full Star Full Star Full Star Full Star

Friendly and helpful. We felt like we were getting a good deal on purchase and trade-in. Very patient with all the questions we had

Purchase

susieQ
CARS
9-4-2019
Full Star Full Star Full Star Full Star Full Star

Friendly and helpful. We felt like we were getting a good deal on purchase and trade-in. Very patient with all the questions we had

Excellant Purchase

Bill1481
CARS
8-31-2019
Full Star Full Star Full Star Full Star Full Star

I just purchased my second Lexus from Lexus of Rockford in the last four years. I had an very good experience this time. I worked with the same salesman as the last time and the experience could not have been better. His name is Chris Beto. He is very experienced and knows the car very well. I have had all of the recommended service on my last Lexus done at this dealer. The service is performed well and the cost is reasonable. There is no high pressure to do more that is recommended in the owners manual. I highly recommend this dealer.

Daovee Pathoumhong
Daovee Pathoumhong
GOOGLE
8-31-2019
Full Star Full Star Full Star Full Star Full Star

"Satisfied Customer "

gblex
DEALERRATER
8-31-2019
Full Star Full Star Full Star Full Star Full Star

A refreshing sales experience. Every aspect of the experience from salesmen, managers to financing was customer friendly and in no way were they pushy nor did I feel pressured. I wish everyone purchasing or leasing a vehicle could have the same experience. Thank you Lexus of Rockford.

"Excellant Purchase"

Bill1481
DEALERRATER
8-31-2019
Full Star Full Star Full Star Full Star Full Star

I just purchased my second Lexus from Lexus of Rockford in the last four years. I had an very good experience this time. I worked with the same salesman as the last time and the experience could not have been better. His name is Chris Beto. He is very experienced and knows the car very well. I have had all of the recommended service on my last Lexus done at this dealer. The service is performed well and the cost is reasonable. There is no high pressure to do more that is recommended in the owners manual. I highly recommend this dealer.

Satisfied Customer

gblex
CARS
8-31-2019
Full Star Full Star Full Star Full Star Full Star

A refreshing sales experience. Every aspect of the experience from salesmen, managers to financing was customer friendly and in no way were they pushy nor did I feel pressured. I wish everyone purchasing or leasing a vehicle could have the same experience. Thank you Lexus of Rockford.

Super helpful, nice, and help you get the best deal!

Kendra21
CARS
8-30-2019
Full Star Full Star Full Star Full Star Full Star

It was my first time buying a car and Devin and Jerry were AMAZING car salesmen! They were very helpful and gave me the best deal! I was looking at a car at the Anderson in Crystal Lake, but wanted to stay local when buying, so they did a dealer trade and brought the car to Anderson Toyota for me to look at. I'm not kidding when I say that Devin and Jerry were amazing and helpful! I would definitely recommend Anderson to anyone looking for both new and used vehicles, they have tons to choose from and are more than happy to help you get what you're looking for!

Jack Akers
Jack Akers
GOOGLE
8-30-2019
Full Star Full Star Full Star Full Star Empty Star

Was just looking.. Lol

"Super helpful, nice, and help you get the best deal!"

Kendra21
DEALERRATER
8-30-2019
Full Star Full Star Full Star Full Star Full Star

It was my first time buying a car and Devin and Jerry were AMAZING car salesmen! They were very helpful and gave me the best deal! I was looking at a car at the Anderson in Crystal Lake, but wanted to stay local when buying, so they did a dealer trade and brought the car to Anderson Toyota for me to look at. I’m not kidding when I say that Devin and Jerry were amazing and helpful! I would definitely recommend Anderson to anyone looking for both new and used vehicles, they have tons to choose from and are more than happy to help you get what you’re looking for!

Patty Hoffman
Patty Hoffman
GOOGLE
8-29-2019
Full Star Full Star Full Star Full Star Full Star
ZACH
ZACH
GOOGLE
8-29-2019
Full Star Full Star Full Star Full Star Full Star
Robert Medland
Robert Medland
GOOGLE
8-29-2019
Full Star Full Star Full Star Full Star Empty Star

It's a good place to buy a car

"First time success! "

ToriJ9
DEALERRATER
8-28-2019
Full Star Full Star Full Star Full Star Full Star

I’ve never gotten a car from a dealership before, but Eloy and the rest of the team made the whole process so seamless. They offered advice and helped educate me on a lot of what I had zero knowledge about (whether it be the car itself, the financing process, or otherwise), and it was all very welcoming and encouraging. Very chill, very kind, very trustworthy. Highly recommend! Will definitely be going back there whenever it’s time to buy a new car again.

"Bought a new car"

Andrea
DEALERRATER
8-28-2019
Full Star Full Star Full Star Full Star Full Star

Customer service was excellent. Everyone was helpful and friendly. The gentleman I bought my car from, Andrej returned calls promptly and was hard working at finding me my new car. Thank you

First time success!

ToriJ9
CARS
8-28-2019
Full Star Full Star Full Star Full Star Full Star

I've never gotten a car from a dealership before, but Eloy and the rest of the team made the whole process so seamless. They offered advice and helped educate me on a lot of what I had zero knowledge about (whether it be the car itself, the financing process, or otherwise), and it was all very welcoming and encouraging. Very chill, very kind, very trustworthy. Highly recommend! Will definitely be going back there whenever it's time to buy a new car again.

Bought a new car

Andrea
CARS
8-28-2019
Full Star Full Star Full Star Full Star Full Star

Customer service was excellent. Everyone was helpful and friendly. The gentleman I bought my car from, Andrej returned calls promptly and was hard working at finding me my new car. Thank you

"Great experience"

Gina
DEALERRATER
8-18-2019
Full Star Full Star Full Star Full Star Full Star

They were able to locate the exact car I wanted for my son’s birthday and did an awesome job surprising him! They decorated the car with balloons and a Big Red Bow on top, just like you see on the TV commercials. It was so cool! The Toyota staff even sang Happy Birthday to him over the microphone. it truly was a great experience! Thanks Anderson Toyota!

Great experience

Gina
CARS
8-18-2019
Full Star Full Star Full Star Full Star Full Star

They were able to locate the exact car I wanted for my son's birthday and did an awesome job surprising him! They decorated the car with balloons and a Big Red Bow on top, just like you see on the TV commercials. It was so cool! The Toyota staff even sang Happy Birthday to him over the microphone. it truly was a great experience! Thanks Anderson Toyota!

Amy Monahan
Amy Monahan
GOOGLE
8-17-2019
Full Star Full Star Full Star Empty Star Empty Star

Hybrid Experience

HybridOwner
CARS
8-17-2019
Full Star Full Star Full Star Full Star Full Star

I went in wanting to look at the Prius Hybrid and find out how the Hybrids work. As a commuter now, my priorities were fuel efficiency and cost. I am now the happy owner of a 2020 Toyota Hybrid that wasn't even on the lot when I was looking. Andrej wasn't even scheduled for the day that my vehicle arrived on the lot but he came in to make sure I got into my car that night. I was surprised that even though some items were pending I was going to be sent home to return the next day to finish without being sent home in the new vehicle. That would have been the customer service I expected but I'm sure that decision isnt made on a Salesman level. Andrej did work to get the deal settled that night and I did get to take my new car home. I was very happy with the service by the staff at Anderson Toyota and I am a reformed Napletons Honda girl to stay a Toyota customer!!

"Hybrid Experience"

HybridOwner
DEALERRATER
8-17-2019
Full Star Full Star Full Star Full Star Full Star

I went in wanting to look at the Prius Hybrid and find out how the Hybrids work. As a commuter now, my priorities were fuel efficiency and cost. I am now the happy owner of a 2020 Toyota Hybrid that wasn't even on the lot when I was looking. Andrej wasn't even scheduled for the day that my vehicle arrived on the lot but he came in to make sure I got into my car that night. I was surprised that even though some items were pending I was going to be sent home to return the next day to finish without being sent home in the new vehicle. That would have been the customer service I expected but I'm sure that decision isnt made on a Salesman level. Andrej did work to get the deal settled that night and I did get to take my new car home. I was very happy with the service by the staff at Anderson Toyota and I am a reformed Napletons Honda girl to stay a Toyota customer!!

Bob Beagley
Bob Beagley
GOOGLE
8-17-2019
Full Star Full Star Full Star Full Star Full Star

Regular warranty service.

"Love our Lexus RX"

Kevlin23
DEALERRATER
8-16-2019
Full Star Full Star Full Star Full Star Full Star

We were replacing our current RX so my husband gave the information of what we wanted to Michael and he got back to us quickly. He had our car appraised while being serviced then he emailed us with the offer on the new car. We accepted and he made our experience of picking it up very easy. Everything was ready at our pick up time and we were in and out within an hour and a half. Tony had all the paperwork ready to sign and went over extra offers but did not pressure us with anything we did not want. Mike and Tony were wonderful to work with!

Love our Lexus RX

Kevlin23
CARS
8-16-2019
Full Star Full Star Full Star Full Star Full Star

We were replacing our current RX so my husband gave the information of what we wanted to Michael and he got back to us quickly. He had our car appraised while being serviced then he emailed us with the offer on the new car. We accepted and he made our experience of picking it up very easy. Everything was ready at our pick up time and we were in and out within an hour and a half. Tony had all the paperwork ready to sign and went over extra offers but did not pressure us with anything we did not want. Mike and Tony were wonderful to work with!

Purchase of a 2019 Rav 4

Kim
CARS
8-14-2019
Full Star Full Star Full Star Full Star Full Star

I recently purchased a RAV4 and Frank did an outstanding job of showing me the options and answering all of our questions. Frank was professional, knowledgeable, and friendly with no pressure to make a sale. I would definitely recommend purchasing a car at Anderson and would request Frank as the sales person.

"Awesome"

sam7283
DEALERRATER
8-14-2019
Full Star Full Star Full Star Full Star Full Star

Made my first time buying a new car comfortable and unforgettable. Great people and excellent customer service. Everyone who helped was welcoming and friendly. They will shoot you straight and get to the point without the fluff.

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